Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic…
Oil Prices
Oil prices rebounded on Friday from losses of more than 1% the previous day, as investors turned cautiously optimistic over the fading risk of a US debt default. Brent futures rose 73 cents, or…
Weeks of declining oil prices due to concerns over a possible recession clash with the outlook for scarce supply and robust demand later in the year, the International Energy Agency said on…
Oil prices jumped by more than 3% on Wednesday on reports that scientists have developed an effective drug against the fast-spreading coronavirus that has weighed heavily on global economic…
Rates to charter oil tankers from the Persian Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the…
Iran's heavy crude oil gained $1.45 or 2.6% per barrel in January compared to December when it was traded at $54.84 per barrel. Iran Heavy, one of the country's main grades for export,…
Oil prices plunged more than 6% to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. US crude futures…
Oil prices will plummet to $40 a barrel unless OPEC and its allies cut output significantly, and the group is unlikely to succeed in reviving the market, a senior Iranian oil official said.
Oil prices fell on Tuesday, depressed by record Saudi production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. Brent crude oil…
President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices.
Oil prices rose on Friday amid expectations of supply cuts from OPEC. US West Texas Intermediate crude oil futures were at $56.84 per barrel, up 38 cents, or 0.7%, from their last settlement.…
Oil prices seesawed on Friday as markets were lifted by hopes the United States and China may resolve their trade disputes soon, before being weighed down by a report Washington had granted…
Average prices of Iranian crude oil have soared by around $12 per barrel in 2017 from the previous year, the Oil Ministry said, reflecting an upward trajectory in global prices of the energy…
Iran's crude oil futures traded $47.30 per barrel in October, up more than 14% from the average September price of $41.39 a barrel, the Organization of Petroleum Exporting Countries said in its…
Oil reversed early losses of almost 4% to trade above $46 a barrel on Wednesday, as the market recovered from an initial Brexit-like reaction to Donald Trump's surprise victory in the US…
